Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
Elon Musk’s artificial intelligence firm, xAI, has acquired X—his social media company formerly known as Twitter—in an all-stock deal valued at $33 billion.
Musk said X, which has more than 600 million users, is closely tied to the future of xAI, the startup he launched two years ago. The deal consolidates two of Musk’s key ventures, alongside Tesla and SpaceX, and could streamline efforts to train his AI model, Grok.
He said the acquisition would enable the creation of a platform that not only reflects the world but also accelerates human progress.
Including $12 billion in debt, the deal is valued at $45 billion. Musk announced the transaction in a post on X, stating that the combined entity would carry a valuation of $80 billion.
Details remain unclear—such as whether investors approved the deal or how they will be compensated. It’s also uncertain how the acquisition will directly advance Musk’s AI goals, though closer integration with X may allow xAI to more rapidly deploy its latest AI models and features to a vast user base.
South Korea on Friday pushed back against U.S. demands to sharply increase its defense budget, saying its current spending is already among the highest relative to GDP for U.S. allies.
President Donald Trump says the U.S. is unlikely to push Israel to end its airstrikes on Iran, calling it “very hard” to make that request while Israel is gaining ground militarily.
Iranian foreign minister Abbas Araghchi says Tehran will continue to defend itself unless Israeli strikes stop, following high-level talks in Geneva with the foreign ministers of the UK, France, Germany, and the European Union’s top diplomat.
Tajikistan and China have agreed to establish a Joint Working Group on Artificial Intelligence, following high-level talks between President Emomali Rahmon and President Xi Jinping in Astana earlier this week.
Russian President Vladimir Putin used the platform of the 2025 St. Petersburg International Economic Forum to reinforce his vision of Ukraine as a neutral state aligned with Russia, warn of rising global conflict potential, and outline conditions for foreign firms to return to Russia.
South Korea on Friday pushed back against U.S. demands to sharply increase its defense budget, saying its current spending is already among the highest relative to GDP for U.S. allies.
U.S. President Donald Trump publicly pushed back against his Director of National Intelligence (DNI), Tulsi Gabbard, on Friday, asserting that Iran is pursuing a nuclear weapon, directly contradicting intelligence assessments she shared earlier this year.
President Donald Trump says the U.S. is unlikely to push Israel to end its airstrikes on Iran, calling it “very hard” to make that request while Israel is gaining ground militarily.
Iranian foreign minister Abbas Araghchi says Tehran will continue to defend itself unless Israeli strikes stop, following high-level talks in Geneva with the foreign ministers of the UK, France, Germany, and the European Union’s top diplomat.
Tajikistan and China have agreed to establish a Joint Working Group on Artificial Intelligence, following high-level talks between President Emomali Rahmon and President Xi Jinping in Astana earlier this week.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
European stock markets ended the day in negative territory following interest rate decisions by major central banks, including the U.S. Federal Reserve (Fed) and the Bank of England (BoE).
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.
South Korea on Friday pushed back against U.S. demands to sharply increase its defense budget, saying its current spending is already among the highest relative to GDP for U.S. allies.
U.S. President Donald Trump publicly pushed back against his Director of National Intelligence (DNI), Tulsi Gabbard, on Friday, asserting that Iran is pursuing a nuclear weapon, directly contradicting intelligence assessments she shared earlier this year.
President Donald Trump says the U.S. is unlikely to push Israel to end its airstrikes on Iran, calling it “very hard” to make that request while Israel is gaining ground militarily.
Iranian foreign minister Abbas Araghchi says Tehran will continue to defend itself unless Israeli strikes stop, following high-level talks in Geneva with the foreign ministers of the UK, France, Germany, and the European Union’s top diplomat.
Tajikistan and China have agreed to establish a Joint Working Group on Artificial Intelligence, following high-level talks between President Emomali Rahmon and President Xi Jinping in Astana earlier this week.
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